Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| Revenues | 8,623.1 | 6,105.8 | 6,281.2 | 6,015.9 | 5,796.3 | 5,464.2 | 5,105.9 | 6,375.6 |
| Revenue growth | 41.2% | -2.8% | 4.4% | 3.8% | 6.1% | 7.0% | -19.9% | 3.5% |
| Cost of goods sold | 3,261.7 | 2,372.4 | 2,272.7 | 2,224.9 | 2,051.1 | 1,943.9 | 1,913.2 | 1,822.1 |
| Gross profit | 5,361.5 | 3,733.4 | 4,008.5 | 3,791.1 | 3,745.2 | 3,520.3 | 3,192.7 | 4,553.6 |
| Gross margin | 62.2% | 61.1% | 63.8% | 63.0% | 64.6% | 64.4% | 62.5% | 71.4% |
| Selling, general and administrative | | | | | | | | |
| Sales and marketing | | | | 93.5 | 85.7 | 69.2 | 87.1 | 59.2 |
| General and administrative | 432.1 | 328.3 | 298.3 | 269.6 | 234.7 | 220.6 | 211.9 | 202.6 |
| EBITA | 4,929.4 | 3,405.1 | 3,710.1 | 3,428.0 | 3,424.8 | 3,230.5 | 2,893.6 | 4,291.7 |
| EBITA margin | 57.2% | 55.8% | 59.1% | 57.0% | 59.1% | 59.1% | 56.7% | 67.3% |
| Amortization of intangibles | | | | 19.5 | 24.5 | 31.4 | 42.6 | 26.4 |
| EBIT | 4,929.4 | 3,405.1 | 3,710.1 | 3,408.5 | 3,400.3 | 3,199.1 | 2,851.0 | 4,265.3 |
| EBIT margin | 57.2% | 55.8% | 59.1% | 56.7% | 58.7% | 58.5% | 55.8% | 66.9% |
| Pre-tax income | 2,611.1 | 2,455.1 | 1,769.5 | 2,547.3 | 2,508.2 | 2,323.9 | 2,058.4 | 1,674.7 |
| Income taxes | 619.5 | 596.4 | 416.4 | 618.1 | 590.2 | 915.6 | 743.3 | 595.0 |
| Tax rate | 23.7% | 24.3% | 23.5% | 24.3% | 23.5% | 39.4% | 36.1% | 35.5% |
| Net income | 1,991.7 | 1,858.7 | 1,353.2 | 1,849.5 | 1,836.0 | 1,327.5 | 1,223.5 | 987.7 |
| Net margin | 23.1% | 30.4% | 21.5% | 30.7% | 31.7% | 24.3% | 24.0% | 15.5% |
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| Diluted EPS | $12.14 | $14.43 | $10.51 | $13.75 | $12.74 | $8.70 | $7.78 | $7.18 |
| Shares outstanding (diluted) | 164.0 | 128.8 | 128.7 | 134.5 | 144.2 | 152.6 | 157.3 | 137.5 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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